FODO points to rate reductions in insurance and recommends practices shop around 

FODO points to rate reductions in insurance and recommends practices shop around

Its an important time to shop around for commercial insurance

Representing the widest range of primary eye care providers in the UK, FODO understands the sector’s significant cost pressures. As you look to cut costs, please note that increased competition in the insurance market has seen insurance rates decline. So, now is a good time to shop around.

At FODO, we already take care of medical malpractice and legal defence insurance for you – we pool risk and only charge you what it costs us to arrange insurance. Hence, this year, we also achieved a better rate reduction than general market trends.

Regarding other insurance products, other membership bodies often earn income from promoting a broker. At FODO, we believe in doing things differently and that members should bank any savings they make. That is why we are working with Marsh Commercial on a non-commission basis to help you save money on business insurance. We recommend you get a quote from Marsh and shop around to secure the best value for your business; even if you don’t end up using Marsh, you will hopefully find a more competitive quote than you otherwise would have.

FODO’s Tip

• If your turnover is under £25m, read more about practice insurance. You can call Marsh on 0330 818 0191 or submit an enquiry online
• If your turnover is £25m+, please contact us at membership@fodo.com